We have been hearing about artificial intelligence (AI) for years, but with the onset (controversy?) about ChatGPT, AI has made the headlines once again. In fact, if you search online for the term “ChatGPT” you receive 596 million results in 0.55 seconds. This is especially noteworthy because “ChatGPT” did not exist until November 2022 – 5 months ago as of this column.
This Insights is a pause about what all of this means. What is AI? What is ChatGPT? How can it help my business?
To get started, let’s ask ChatGPT: “What is AI?”
“AI, or artificial intelligence, refers to the simulation of human intelligence in machines that are programmed to think, reason, and learn like humans. AI technologies are designed to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and language translation. AI systems use a variety of techniques including machine learning, deep learning, natural language processing, and computer vision to analyze data, recognize patterns, and make predictions or decisions. AI has many applications in fields such as healthcare, finance, transportation, manufacturing, and entertainment, and is poised to have a profound impact on society in the coming years.” – by ChatGPT
In simple terms: AI is teaching machines to think like humans so we can be more efficient.
With me so far? Now, let’s ask ChatGPT: “What is ChatGPT?”
“I am ChatGPT, a large language model developed by OpenAI. I am an AI-based conversational agent that can answer a wide range of questions and carry on natural language conversations with users. I have been trained on a massive dataset of text from the internet, which has enabled me to develop an understanding of a wide range of topics and domains. My goal is to assist users in finding information, providing insights, and facilitating natural language communication in a variety of contexts.” – by ChatGPT
This is one example of a way that AI can be used. I recommend visiting https://chat.openai.com and setting up an account. Ask it questions or ask it to write text for you. Test it out to see what it does. It will pull information from the internet to provide text to you. Note: There are no guarantees that the information is correct. Also, a lot of the controversy about ChatGPT is coming from academic settings. If students need to write an essay, how will professors be able to tell if the essay is generated by ChatGPT?
OK, now let’s get to your business. Let’s ask ChatGPT about broader use of AI to see how it can help: “How can AI be used for startup businesses?”
“AI can be incredibly useful for startup businesses in a variety of ways, including:
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